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Crude Oil faces uphill battle with OPEC keeping traders in the dark
Crude Oil consolidates this week’s sharp decline to a fresh year-to-date low below $70.00 for a second day in a row on Friday. Crude Oil prices remain subdued mostly because of the sketchy communication from the Organization of the PetroleumFxstreet
Sep 6, 2024
Gold extends recovery after weak US private payrolls data
Gold (XAU/USD) trades back inside familiar territory, exchanging hands in the $2,510s on Friday after extending its rebound following the release of more weak jobs’ data from the US on Thursday, this time in the form of private payrolls data, which grew at a slower pace than expected.Fxstreet
Sep 6, 2024
Gold price bulls turn cautious near $2,525 hurdle, ahead of US NFP report
Gold price (XAU/USD) climbed closer to the $2,524-2,525 supply zone on Thursday amid some follow-through US Dollar (USD) selling, led by bets for a larger interest rate cut by the Federal Reserve (Fed) later this month.Fxstreet
Sep 6, 2024
Crude Oil bottoms out as OPEC mulls delaying supply increase
Crude Oil pops higher on Thursday, near 1% on the day, amid headlines that OPEC has a deal within reach to delay the foreseen production normalization. The initial plan for the Oil cartel was to boost production by 180,000 additional barrels per day inFxstreet
Sep 5, 2024
Base metals: Sizeable risk to both the up and downside – NAB
From their speculative peak in May, base metal prices fell sharply until early August, with the LME index falling by 18.7% peak-to-trough, with Nickel and Copper recording the largest falls, NAB commodity strategists note.Fxstreet
Sep 5, 2024
Gold looks supported by demand from central banks, market turbulence – NAB
The spot price of Gold resumed its upward momentum in late July (following a brief retreat from then record highs earlier in the month), pushing above $2500 per troy ounce for the first time in mid-August and remaining above this mark at the end of the month, NAB commodity strategists note.Fxstreet
Sep 5, 2024
